in the calculation of shadow prices of informal care. Our estimates suggest that permanent income would have to increase …This paper uses the wellbeing valuation (WV) approach to estimate and monetize the wellbeing impacts of informal care … methodological issues related to the economic valuation of informal care: (i) the endogeneity of informal care; and (ii) the …

Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top … incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent … incomes, including how income gets redistributed as the rich get richer. …

While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …

marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility …

Many literatures investigate the causal impact of income on economic outcomes, for example in the context of … industry affiliation as an instrument for income. We demonstrate that industry affiliation is correlated with fixed individual …

marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility …